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To: Sergio R. Mejia who wrote (4244)12/14/1997 1:26:00 PM
From: goldsnow  Respond to of 116790
 
Whom Swiss try to cone into belief that they can sell gold over public objection? They can hardly merge Banks (no referendum needed)

"... a nationwide sense of angst that big
business is running wild over the interests of normal citizens.

".. But critics say it reflects sheer greed and the shirking of companies' obligations to workers.

''People are already speaking of the 20:80 society. Twenty percent of
the people are doing well, the rest are doing worse and worse,''

biz.yahoo.com

"On the German side, a rather benign question by a Swiss opposition
deputy regarding the usefulness of 40% backing of Swiss Franc by gold
during recession times has been largely promoted by the press, so as to
let the masses believe that gold backing of Swiss Franc is a matter of
the past. There's literally no chance of success in the outcome of the
referendum necessary for such a move."

gold-eagle.com



To: Sergio R. Mejia who wrote (4244)12/14/1997 9:16:00 PM
From: TD  Respond to of 116790
 
Central Bank sales are usually reported after the fact I would say he is making a solid "educated guess" some banks trade off the books in other words they credit gold for currency with a pencil entry rather than ship physical bullion to another location. Thank you for the question, although I have studied the gold problem for twenty years there is still much to learn and understand.


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